Top Cryptocurrencies to Buy and Dump Before the Next Altcoin Season That Will Begin in October
The next bull cycle is on the horizon.
It’s not wise to wait until the bull cycle to update an investment portfolio. By then, the top-performing cryptocurrencies will prove to be expensive. The best strategy is to unload cryptocurrencies that have little room for growth and replace them with those that do.
Here is a list of the top cryptocurrencies to buy and dump this month in preparation for the upcoming altcoin season.
What you'll learn 👉
Coins to Buy Now
1. Bitcoin BSC (BTCBSC)
Bitcoin BSC is the hottest cryptocurrency this month. The new bitcoin alternative puts forward a staking-to-earn reward system that has been drawing massive traffic to the ongoing presale of the token.
The presale broke past its soft cap much ahead of schedule to the pleasant surprise of the market. It is on its way to hitting the hard cap soon, hinting at an early listing of the token on tier-1 exchanges by October.
The rumored listings include Binance, which has a history of kindling explosive bull runs for the listed tokens.
2.0 coins are trending this year, especially since the ~80X surge of BTC2.0. The exponential jump of the token in less than a week kindled new energy in the market. Soon, more 2.0 coins were launched, including the likes of BTC20, which climbed 600% on the launch.
The hype around 2.0 coins partly explains the rapid progress of the Bitcoin BSC presale and its potential Binance listing. The robust make-up of the project, the low initial market cap of the token at just $6,063,750, and the attractive stake-to-earn rewards make Bitcoin BSC a compelling buy now.
🚀 A phenomenal milestone for #BitcoinBSC!
— Bitcoinbsc (@Bitcoinbsctoken) September 20, 2023
Exceeding the $3.6 million milestone!
Thanks to everyone who has shown their support!
Join the #Presale today and be a crucial part of the #Stake2Earn revolution! 🎉https://t.co/oM0YP8IlbV pic.twitter.com/0I5FWv816P
Each Bitcoin BSC token is selling for $0.99 in the presale stage, in an attempt to simulate Bitcoin’s trajectory in 2011. Even if Bitcoin BSC manages to replicate a percentage of Bitcoin’s performance from 2011 to 2013 (1000X), it will bring generous returns to early investors.
2. Ethereum (ETH)
Another excellent altcoin to buy now is Ethereum.
If you have your eyes on an established cryptocurrency that has proven its worth time and again, it can’t get better than ETH. It is a safe and sound investment, although it has little room for growth when compared to new cryptocurrencies.
Ethereum 1-year price action, CoinMarketCap
Ethereum can climb anywhere from 30% to 50% during the next bull cycle, if it manages to sustain the momentum.
3. Wall Street Memes (WSM)
Meme coins are known for their explosive price action. It has a history of turning a few hundred dollars of investment into a fortune over a few days or weeks.
The most-awaited meme coin this month is Wall Street Memes (WSM). The meme coin extension of the Wall Street Memes community that boasts more than 1 million followers will list on tier-1 exchanges in six days.
The presale of WSM crossed its $25M milestone weeks back. But to meet the growing demand from the community, it will be live at a fixed price of $0.0337 till 25 Sep 2023.
But if the presale momentum is any sign, the meme coin will come with a hefty price tag as the exchange listings begin on 27 Sep 2024. WSM is widely predicted to outperform Pepe’s 7000% surge and make its way to the top 3 meme coin chart.
4. Pepe (PEPE)
Pepe has lost 85.57% of its value since hitting an all-time high in May. And that is exactly the reason it is a good purchase now.
Pepe 1-year price action, CoinMarketCap
Despite its meme coin status and lack of utility, the token has a decent price correction due.
5. Launchpad XYZ (LPX)
If you don’t want anything to do with meme coins or their exponential returns, but would rather invest in a utility token that has the potential to accumulate value over the years, LPX makes a good choice.
The Web3 hub provides users with all the tools and techniques required to find the best opportunities in the market and earn attractive yields.
Coins to Dump Now
Now that we have covered the best cryptocurrencies to buy now, let’s take a look at those that lack luster.
The first is Dogecoin, which has little steam left. Despite its dominance in the meme coin market, it may not be able to build momentum in the coming stages. Shiba Inu is next. The market has moved on from these meme coins, as proven by their consistently poor performance this year.
Dogecoin 1-year price action, CoinMarketCap
Solana, despite its active ecosystem, is awaiting a downturn as well. With FTX preparing to sell off its holdings, which include a substantial share of SOL tokens, its immediate future doesn’t look bright.
Play-to-earn tokens like Axie Infinity and Rollbit may also fail to follow an upward trajectory in the coming weeks due to their depleting social momentum.
Conclusion
Hot new cryptocurrencies like Bitcoin BSC and Wall Street Memes are preparing for a 20X-50X climb this bull season, if their social momentum is any sign. Since the presales are moving toward an early sell out, investors need to act early to secure these tokens at a favorable price.
Established utility tokens like Ethereum and Launchpad XYZ also hold promise, although their potential ROI is comparatively lower.
Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
